AGP Executive Report
Last update: 5 hours agoHSBC exit deal: HSBC has agreed to sell its Australian home and personal loan portfolio (about A$36bn) to Blackstone-backed Virgo BidCo, ending nearly 40 years of local retail banking and reshaping the mortgage landscape. Housing downturn: New Cotality and PropTrack data show Australia’s home prices sliding again in July, with the biggest monthly falls in Sydney and Melbourne and a broader spread to other capitals, as higher borrowing costs and federal tax changes bite. News bargaining fight: Labor’s News Bargaining Incentive tweaks would raise the charge to 2.5% but narrow it to digital advertising revenue tied to Australia, and expand deal requirements—potentially pulling platforms like LinkedIn into the compliance spotlight. Water risk: Reports warn water stress is climbing up corporate and investor agendas, with drought and heat already hitting food and supply chains. Energy demand outlook: The IEA expects global power use to keep rising fast through 2030, driven by AI, data centres and electrification—good news for generators, but a funding test for utilities.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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